Micro pence cost ~ huge value27 Apr 2016 09:08
The sp has a recent base in the region of 0.13p to 0.17p the 0.04p differential is equal to the spread shown on many occasions.
This a rare micro pence share which has astonishing assets in place including cash in hand, more than enough to enable low cost gold production to start and continue further field development .
A micro pence,less than a fifth of a penny find with as much solid potential as this one is a rare beast on the loose.
My thinking is based on this basic assertion of facts from the 20th April RNS;-
I am pleased to report that, thanks to the work we have carried out since the acquisition in July 2015, gold and copper ore production from two of these starter pits, Kvemo Bolnisi and Tsitel Sopeli, is on track to commence in H2 2016. Combined, the two targets have an existing resource (non-JORC, C1 & C2 Soviet Reserves) of 450,000 tonnes of copper at an average grade of 1.31%; 900,000 oz of gold at an average grade of 1.11 g/t; 20 million ounces of silver at an average grade of 23.71 g/t; 22,000 tonnes of lead at an average grade of 1.23%; 52,000 tonnes of zinc at an average grade of 2.9%; and 1.5 million tonnes of Barite at an average grade of 27%.
Worth reading the full RNS.